By Zaheer Kachwala and Krystal Hu (Reuters) -SoftBank Group is forming a joint venture with warehouse automation company Symbotic to build AI-powered warehouses that will be majority owned by the Japanese technology investor, the companies said on Monday. The firms are investing a total of $100 million in the venture, which will be called GreenBox…
By Nate Raymond BOSTON (Reuters) – The Mexican government on Monday urged a U.S. appeals court to revive a $10 billion lawsuit seeking to hold U.S. gun manufacturers responsible for facilitating the trafficking of weapons to drug cartels across the U.S.-Mexico border. A three-judge panel of the 1st U.S. Circuit Court of Appeals in Boston…
(Reuters) – The former head of a local branch of Kremlin critic Alexei Navalny’s campaign organisation was sentenced to nine years in a Russian prison for participating in an “extremist community”, Navalny’s team said on Monday.Vadim Ostanin, who had run Navalny’s local headquarters in the Siberian city of Barnaul, had carried out only “legal political…
By Scott DiSavino NEW YORK (Reuters) -Oil prices climbed about 2% to a near three-month high on Monday on tightening supply, rising U.S. gasoline demand, hopes for Chinese stimulus measures and technical buying. Brent futures rose $1.67, or 2.1%, to settle at $82.74 a barrel, while U.S. West Texas Intermediate (WTI) crude rose $1.67, or…
(Reuters) – New U.S. light vehicle sales volumes are set to rise again in July as easing supply-chain snags help automakers ramp up production to meet pent-up demand, automotive research firm S&P Global Mobility said on Monday. S&P projects new light vehicle sales to reach 1.33 million units in July, up 18% year-over-year. It also…
By Laura Matthews New York (Reuters) – The dollar clung to gains against the euro on Monday after recent economic data showed a stronger U.S. economy and a slowing euro zone as traders look beyond a trio of central bank meetings this week for clues to the outlook for monetary policy. A closely-watched purchasing managers’…
By Johan Ahlander and Tom Little MALMO (Reuters) -Climate activist Greta Thunberg was forcibly removed by police from a protest in the southern Swedish city of Malmo on Monday just hours after a local court fined her for disobeying a police order during a similar protest last month. Thunberg, 20, who became the face of…
By Steve Scherer and David Ljunggren OTTAWA -Canada’s Liberal Prime Minister Justin Trudeau is planning to reshuffle his cabinet this week, likely replacing ministers deemed to have struggled in their posts or who are not planning on running again in the next election, two government sources said. Trudeau has periodically reshuffled his cabinet since taking…
By Joan Faus and Belén Carreño BARCELONA/MADRID (Reuters) -Spain’s conservative People’s Party (PP) has started talks with other parties to seek their support to lead a new government while the ruling Socialist (PSOE) party said it wanted to avoid a repeat ballot after Sunday’s election produced a hung parliament. PP leader Alberto Nunez Feijoo hailed…
DUBAI/COPENHAGEN (Reuters) -Iraq condemned the burning of a copy of the Koran in front of its embassy in Denmark on Monday and said Danish staff at the embassy in Baghdad had left the country after protests there, while Copenhagen said it had “not withdrawn from Iraq”. Demonstrations have raged across Iran and Iraq after Denmark…
